My husband and I are starting a new property management business in his small hometown.

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I am looking for an affordable property management software that will also help me manage loans made to others.  

Turning a property that might traditionally produce a 7-10% cash-on-cash return into one that produces 15-30% if managed properly.

We personally do not charge an application fee, but we do ask our applicants to pay for their tenant screening through the property management software we use.

Hey Shannon, When yourdeciding whether to form an LLC in the state where the property is located or manage it through your home state LLC involves weighing several factors.

It doesn't do any good to invest in a strong market if you don't have anyone to manage it.

.- VA: with the remaining $200 or so, I'd invest in a VA to either help you make calls or manage your database.

We manage property here and can help you come up with a realistic rent amount before you buy.  

Another option, that I say good results is listing in zillow, at the time it was free to do it there.In my case, I have negotiated with my realtor a lower one month commission to a 75% of the first rent, and he manages all the calls, tenant verification, and showing.